Organising a file

Viewing 5 posts - 1 through 5 (of 5 total)

Celivia
Participant
@celivia
Join Date: 2003
Post Count: 886
February 10, 2004 - 1:01 am
THis is just a very basic question, but I wonder how others organise their paperwork of their IPs.
I have a folder for my 1st IP with different dividers, have I missed something that shouls be included?
My sections are:
[]Specific info about the IP such as a photograph, address.
[]General info about the town where the IP is such as maps, area research results.
[]Contacts such as addresses and phonenembers of all people you have dealt with to do with the IP, such as mortgage broker, Lending manager, RE agency, inspectors, solicitor etc.
[]Loan section, with all details and correspondence about the loan.
[]Legal section such as all correspondence from solicitor.
[]Tax section such as depreciation, dunno what else goes in here yet.
[]Insurance- all insurance details.
[]Management, all correspondence, statements, and details to do with the PM, also repairs of property included here (may be it should be separate)
[]Reports such as pest and building inspection reports, condition report, building certificate.
[]Tenants- all details about tenants and tenancy agreement.
[]Spreadsheets printouts.
[]My Real Estate’s agency’s Newsletters.
Thats 12!
Did I forget something?
THanks![]
diclem
Member
@diclem
Join Date: 2003
Post Count: 537
February 10, 2004 - 1:45 am
Hi Celivia,
Can’t think of anything that you have forgotten. Sounds like you’ve got it all worked out, think you might get a few people following your system.
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Celivia
Participant
@celivia
Join Date: 2003
Post Count: 886
February 10, 2004 - 2:05 am
Hehehe thanks Sue, they never have called me organised before[]
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
February 10, 2004 - 6:54 pm
Celivia..
can only add
[] List of rooms and paint colours for each ( for when you touch up or re-paint)
[] List of Plants in gardens ( as i can’t always remember, so when one dies i can replace with same )
Great list and a good idea Celivia [^]
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Erika
Member
@erika
Join Date: 2002
Post Count: 151
February 10, 2004 - 9:49 pm
HI Celivia
I keep all rent received and expenses for each year separate, that way at tax time I am not looking thru years of receipts.
Erika